With five oil tankers seized-and more U.S. military action promised-the world's fleet of so-called shadow tankers that ferry sanctioned crude are quickly hoisting a new flag: the Russian tricolor.
Their hope is that by operating under the flag of a country with a strong navy they might be able to skirt the U.S. blockade on Venezuelan oil movements and avoid interception by the Coast Guard.
Write to priscila.barrera@wsj.com
TODAY IN CANADA
Earnings:
NA
Economic Indicators (ET):
NA
Stocks to Watch:
A&W Food Services of Canada Names Brent Todd as Operating Chief; Todd to Take Newly Created Role March 2
Akanda Corp. Halted due to pending news
Avant Brands Adopts Shareholder Rights Plan; Plan Wasn't Adopted in Response to Any Specific Proposal; Plan Wasn't Adopted in Response to Any Intention to Acquire Control of Company
Expected Major Events for Monday
00:01/UK: Dec KPMG and REC UK Report on Jobs
11:00/FRA: Nov OECD CPI
15:00/US: Dec Employment Trends Index
16:59/GER: Nov Balance of Payments
17:00/US: World Agricultural Supply & Demand Estimates (WASDE)
23:50/JPN: Dec Bank Lending
23:50/JPN: Dec International Transactions in Securities
23:50/JPN: 3Q Revised Balance of Payments
23:50/JPN: Nov Balance of Payments
All times in GMT. Powered by Onclusive and Dow Jones.
Expected Earnings for Monday
ALT5 Sigma Corp (ALTS) is expected to report $-0.36 for 3Q.
Avalon Advanced Materials Inc (AVL.T) is expected to report for 1Q.
BRC Group Holdings Inc (RILY) is expected to report for 3Q.
FRMO Corp (FRMO) is expected to report for 2Q.
National American University Holdings Inc (NAUH) is expected to report for 2Q.
Platinum Group Metals Ltd (PLG,PTM.T) is expected to report for 1Q.
RCI Hospitality Holdings Inc (RICK) is expected to report $0.58 for 4Q.
Wealthfront Corp (WLTH) is expected to report for 3Q.
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ANALYST RATINGS ACTIONS
Adobe Cut to Market Perform From Outperform by BMO Capital
Airbnb Raised to Equal-Weight From Underweight by Barclays
Airbnb Raised to Equal-Weight From Underweight by Wells Fargo
Alliant Energy Cut to Hold From Buy by Argus Research
Allogene Therapeutics Raised to Market Outperform From Market Perform by Citizens
Altria Raised to Buy From Neutral by UBS
American Airlines Group Raised to Positive From Neutral by Susquehanna
American Homes 4 Rent Cut to Market Perform From Outperform by BMO Capital
American Tower REIT Cut to Market Perform From Outperform by BMO Capital
Ardelyx Raised to Overweight From Neutral by Piper Sandler
Array Technologies Raised to Buy From Hold by TD Cowen
AXT Cut to Neutral From Buy by B. Riley Securities
Cardinal Health Raised to Buy From Neutral by Citigroup
CareTrust REIT Raised to Outperform From Market Perform by BMO Capital
Choice Hotels Intl Raised to Buy From Hold by Truist Securities
Cleveland-Cliffs Raised to Overweight From Equal-Weight by Morgan Stanley
Confluent Cut to Market Perform From Market Outperform by Citizens
Cousins Properties Raised to Outperform From Market Perform by BMO Capital
CrowdStrike Holdings Raised to Buy From Hold by Berenberg
Diamondrock Raised to Buy From Hold by Truist Securities
Donaldson Co Raised to Buy From Hold by Jefferies
Edwards Lifesciences Raised to Buy From Hold by TD Cowen
Equity Residential Cut to Market Perform From Outperform by BMO Capital
Essex Property Cut to Market Perform From Outperform by BMO Capital
GE Vernova Cut to Neutral From Outperform by Baird
Generac Raised to Outperform From Neutral by Baird
H2O America Raised to Buy From Neutral by BTIG
HealthEquity Cut to Sell From Neutral by Goldman Sachs
Host Hotels & Resorts Raised to Buy From Hold by Truist Securities
Hudson Pacific Properties Cut to Market Perform From Outperform by BMO Capital
iHeartMedia Cut to Sell From Neutral by Goldman Sachs
Independence Realty Trust Raised to Outperform From Market Perform by BMO Capital
Intuitive Machines Cut to Hold From Buy by Stifel
Lockheed Martin Raised to Buy From Hold by Truist Securities
Marriott Raised to Outperform From Market Perform by BMO Capital
Mattel Cut to Neutral From Buy by Goldman Sachs
Mid-America Apartment Raised to Outperform From Market Perform by BMO Capital
Northrop Grumman Cut to Hold From Buy by Truist Securities
Nucor Cut to Equal-Weight From Overweight by Morgan Stanley
Omega Healthcare Cut to Market Perform From Outperform by BMO Capital
Ormat Technologies Raised to Buy From Hold by TD Cowen
Oscar Health Raised to Neutral From Sell by UBS
Plug Power Cut to Hold From Buy by TD Cowen
Qualcomm Cut to Neutral From Outperform by Mizuho
Regency Centers Cut to Neutral From Outperform by Mizuho
RPM International Raised to Overweight From Neutral by JP Morgan
Sotera Health Raised to Overweight From Neutral by Piper Sandler
Southwest Airlines Raised to Overweight From Underweight by JP Morgan
Sphere Entertainment Raised to Buy From Neutral by Seaport Global
Steel Dynamics Cut to Equal-Weight From Overweight by Morgan Stanley
Sun Country Airlines Raised to Positive From Neutral by Susquehanna
Waste Management Raised to Buy From Neutral by UBS
Zillow Group Cut to Neutral From Outperform by Mizuho
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
01-12-26 0617ET
